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SCARYOpenAI models secretly broke out of a secure environment and hacked into a rival company to cheat on a test<\/p>\n
OpenAI said Tuesday that two of its AI models autonomously hacked their way out of a controlled environment where they were supposed to be walled off from internet access and then hacked their way into the systems of Hugging Face, a company that hosts open-source AI models, in order to cheat on an internal evaluation, according to Fortune\u2019s Jeremy Kahn and Emily Forlini.<\/p>\n
OpenAI disclosed the incident in a blog post on Tuesday, a stunning announcement that is certain to set off alarm bells across the industry about the increasing power of AI models and the risk of them going rogue.\u00a0<\/p>\n
Crucially, OpenAI said the AI had escaped its internal sandboxes\u2014environments where AI models have no internet access and often have limited software tools.<\/p>\n
MACGUFFINWhat we know about the hardware device Jony Ive is designing for Sam Altman<\/p>\n
It has been roughly one year since OpenAI acquired Jony Ive\u2019s io Products for $6.5 billion, and sources tell Fortune\u2019s Emily Forlini and Sebastian Herrera that the design of the initial hardware device has been finalized, while work on a broader family of AI devices proceeds.\u00a0<\/p>\n
OpenAI\u2019s device is expected to ship as early as next year but is still something of a mystery. It could be a home-speaker-like device that will serve as an active AI companion and feature moving mechanical parts designed to mimic human behavior.\u00a0<\/p>\n
The io team has been integrated into the parent company as the OpenAI hardware group. While OpenAI\u2019s leadership and the majority of its staff work out of the company\u2019s HQ in San Francisco\u2019s Mission Bay district, the hardware team, which is now more than 400 employees, still works out of the original io building in Jackson Square on the other side of town.<\/p>\n
TOKEN EFFORTSAin’t nothin’ goin’ on but the tokens\u2014expect CFO resistance to AI billing\u00a0<\/p>\n
\u201cFor many companies, AI prices now resemble utility bills more than traditional software subscriptions,\u201d according to Justin Biemann at Morgan Stanley. The average price of an AI token\u2014the basic unit of text that AI companies charge for on a per-token basis\u2014has gone up 60% since December 2025 (although it has moderated recently). The price of AI depends heavily on what you are using it for, as this chart shows:<\/p>\n<\/p>\n
CFOs are likely to mount resistance to ever-spiraling AI bills, Biemann believes, especially if they can\u2019t see the ROI.<\/p>\n
\u201cSome estimates suggest a software engineer at a firm with Claude\u2019s enterprise subscription could rack up a token bill of up to $730 each month. Hypothetically, that means a typical Fortune 500 firm with 5,000 engineers would exceed $3.5 million in monthly expenses for AI coding…These usage levels have been rising rapidly and could be running into a budgetary brick wall,\u201d Biemann said in an email.<\/p>\n
IRANU.S. escalates attacks on Iran as White House says Tehran is ‘not serious’ about talks<\/p>\n
The price of oil rose sharply in the last 24 hours, from $88 per barrel of Brent Crude to $93, as the U.S. conducted an 11th straight night of strikes on various targets in Iran.<\/p>\n
Centcom said it struck \u201cmilitary operations centers, maritime capabilities, aircraft hangars, drone storage facilities, and military logistics infrastructure.\u201d<\/p>\n
In retaliation, Iran struck sites in Kuwait, Bahrain, and Jordan, the BBC reported. Iran has attacked more than 30 ships in the Strait of Hormuz in the last three months, Centcom said, while also insisting that the waterway was open for business.<\/p>\n
President Donald Trump said Iran\u2019s remaining nuclear sites would be targeted next. U.S. Secretary of State Marco Rubio said Iran was \u201cnot serious\u201d about peace talks.<\/p>\n
Behind the scenes: Mediators are still shuttling between the two sides.<\/p>\n
THE MARKETSOil is back above $90 again, ‘reviving fears about a wider stagflationary shock’<\/p>\n
With the \u201cMemorandum of Understanding\u201d in tatters and violence in the Middle East on the rise, traders naturally bid up the price of oil and returned to the idea that oil-driven inflation might push the Fed to raise interest rates. Both Goldman Sachs and ING have floated the idea that oil could rise to $120 per barrel. The rising cost of Brent Crude is \u201creviving fears about a wider stagflationary shock,\u201d Deutsche Bank\u2019s Jim Reid said in an email this morning.<\/p>\n
Seventy-five percent of bettors on Fed futures think the U.S. central bank will keep rates on hold this month at the 3.5% level, according to CME Fedwatch\u2014an unusually low level of confidence for that index, which is usually resolved at greater than 90%, certainty in the days before a FOMC meeting. It\u2019s even more split for the September meeting\u2014only 53% think the rate will stay on hold. 32.5% think there will be a cut (implying they believe a weakening economy will need the help of cheaper money) and 13.8% see a rate rise.\u00a0<\/p>\n
S&P 500 futures were down 0.2% this morning. The index rose 0.89% yesterday.\u00a0
\nIn Europe, the Stoxx 600 was up 0.6% in early trading and the U.K.\u2019s FTSE 100 was up 1.25% before lunch.
\nAsia: South Korea\u2019s KOSPI was up 0.74%. Japan\u2019s Nikkei 225 was down 0.18%. India\u2019s Nifty 50 was down 0.83%. China\u2019s CSI 300 was down 0.46%.\u00a0
\nBrent crude rose to $93 per barrel this morning. (Chart below from TradingEconomics.com.)
\nBitcoin was $65.9K.<\/p>\n
After 42 years of playing golf, Deutsche Bank\u2019s Jim Reid reported today that he scored his first hole-in-one at the weekend.<\/p>\n
Must-read: After SpaceX\u2019s $2 trillion debut, investors are eyeing Anthropic and OpenAI. Market experts share how to play the next trillion-dollar IPO – Amanda Gerut<\/p>\n
MORE FROM FORTUNE<\/p>\n
George Soros never signed the Giving Pledge. He\u2019s given away more of his fortune than the billionaires who did – Sydney Lake<\/p>\n
Panera founder and Cava chairman Ron Shaich bets $100 million on Level99, bringing his restaurant industry playbook to entertainment – Catherina Gioino<\/p>\n
\u2018The audience is telling the industry something\u2019: even IMAX is stunned by Christopher Nolan\u2019s runaway \u2018Odyssey\u2019 – Tatiana Sataua<\/p>\n
Billionaire Mike Bloomberg warns Trump\u2019s AI ownership plan would make \u2018George Orwell blush\u2019 – Eva Roytburg<\/p>\n
Lawmakers say they\u2019re protecting kids\u2014but their age checks are quietly building an ID requirement for the entire internet – Catherina Gioino<\/p>\n
UN\u2019s worst-case scenario: Energy and fertilizer shock from Iran war could push nearly 19 million more into chronic hunger by 2030 – Mia Osmonbekov<\/p>\n
The American Heart Association has a new number for daily coffee\u2014and a warning if you go over it – Orianna Rosa Royle<\/p>\n
SPECTACULARMeta\u2019s glasses could create an $18 billion market, according to Jefferies<\/p>\n
While the launch of Meta\u2019s smart glasses initially met a wave of skepticism\u2014do we really want to live inside an always-on surveillance state in which everyone spies on everyone else and Facebook keeps the data?\u2014Brent Thill and his colleagues at Jefferies are bullish on the new device. If they are adopted at a similar rate to Apple Watch, Meta could be looking at a business with revenues of $14 to $18 billion per year, they estimate.\u00a0<\/p>\n
\u201cOur team bought and tried on three different models of Meta’s AI glasses and came away impressed. Camera quality, seamless setup, and a normal-glasses form factor stood out. While we see areas to improve, META has a first-mover advantage,\u201d they said in an email.<\/p>\n
CHART OF THE DAYBad news, astronomers\u2014your job is most likely to be replaced by AI<\/p>\n
This chart from Apollo Global Management\u2019s Torsten Sl\u00f8k shows how likely a job is to be replaced by AI on the horizontal axis, based on a survey of experts. So, at the far left, everyone agrees that hairdressers and masseurs have a near-zero chance of being replaced by AI.\u00a0<\/p>\n
But on the vertical axis, the chart shows how much disagreement there is among those experts about whether a job will be replaced. So, at the far right of the axis, there is disagreement as to whether telemarketers or mathematicians will be replaced. Clearly, they could be replaced, but there are also obvious advantages in keeping a human hand on the wheel of those industries.<\/p>\n
Astronomers have it worst. Not only is this profession highly exposed to AI, the experts largely agree that stargazers will be replaced by robots and algorithms.<\/p>\n
NUMBER OF THE DAY: NOODLES5.151 billion<\/p>\n
The number of servings of instant noodles sold in the U.S. annually, according to the World Instant Noodles Association, which is a thing that exists in real life. The U.S. is \u201cthe largest instant noodle market outside Asia,\u201d according to Linda Huang and her colleagues at Macquarie, despite the fact that American per-capita consumption of noodles is only 15 servings per year. That\u2019s well below 20 in Australia, 31 in China, and 48 in Japan.<\/p>\n
THE FRONT PAGES TODAY<\/p>\n
The US has collected about $13bn of Venezuela\u2019s oil money. Where is it? – FT<\/p>\n
Trump\u2019s push for American-made AI chips hits TSMC\u2019s margins – CNBC<\/p>\n
U.S. measles cases surpass last year’s total: Tracker – Axios<\/p>\n
The Startup Insiders Who Stash Huge Sums in Tax-Subsidized Retirement Accounts – WSJ<\/p>\n
Trump\u2019s 100% Generic Drug Duty Threatens US Low-Cost Supply – Bloomberg<\/p>\n
ONE MORE THING$90,000 Wilt Chamberlain jacket found in a thrift store<\/p>\n
A warmup jacket worn by Wilt Chamberlain during the 1972 NBA finals that was bought by a teenager for $3.07 at an Oregon thrift store sold for $89,600 at auction on Monday, the AP reports. Quinn Brown had been eyeing a massive bin of clothes at a Goodwill store outside Portland in January when he saw someone toss a Lakers jacket with Chamberlain\u2019s name on it back on the pile. Brown, who resells used clothes online, quickly grabbed it. The jacket was auctioned by Sotheby\u2019s, which had estimated its value between $150,000 and $250,000 before bidding closed Monday. It received a total of 48 bids, according to the auction house.<\/p>\n
Here, wonderfully preserved by Getty Images, is a photo of Chamberlain wearing what appears to be that exact jacket in 1971:<\/p>\n
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#OpenAI #World #stunned #model #secretly #escaped #secure #environment #hacked #Hugging #Face<\/p>\n","protected":false},"excerpt":{"rendered":"
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